Fars News Agency reported that Iran has sufficient oil available for sale to meet budget funding needs, without being affected by maritime transport restrictions. Citing data from the Ministry of Petroleum, the report said the realization rate of oil revenue planned in the budget reached 99% in the first four months of the current year. The ministry has already transferred $7.5 billion in oil-related foreign exchange revenue to the central bank from the foreign exchange earnings of these months. This sum can cover the government's foreign exchange expenditures until January next year, according to the agency.
Iran has ample oil available for sale, enough to meet budget funding needs and unaffected by restrictions on maritime transport, according to Fars News Agency.
Citing data from the Ministry of Petroleum, the agency said that in the first four months of the current year, the realization rate of oil revenue planned in the budget reached 99%. The ministry has already transferred $7.5 billion in oil-related foreign exchange revenue to the central bank from the foreign exchange earnings accumulated during these months. These funds can cover the government's foreign exchange expenditures until January next year.
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